Breville Group Limited · ASX:BRG
Breville — Shareholder Meeting (November 2013)
32 slides from Breville's shareholder meeting presentation, Nov 13, 2013
Slide 1: Cover letter to ASX: AGM Presentations
13 November 2013 Manager, Company Announcements For personal use only ASX Limited Level 4, 20 Bridge Street Sydney NSW 2000 Dear Sir Breville Group Limited – Annual General Meeting Presentations Please find attached the Chairman’s Address to shareholders and CEO’s Review of Operations to be delivere
Slide 2: Chairman's Address
13 November 2013 Chairman’s Address For personal use only Slide 2 Good morning ladies and gentlemen and welcome to Breville Group Limited’s 2013 AGM. Last year in the Chairman’s address we referred to Breville’s entry in to the S&P/ASX200. This year a new milestone has been reached with Breville ach
Slide 3: Chairman's Address: FY13 results and shareholder returns
Turn to Slide 4 The 2013 financial year delivered an 8.2% increase in net profit after tax. This result, building on a very strong 2012 performance, was driven by the strategy of product innovation and design and leveraging this across multiple geographies. The Group’s growth in revenue and profit h
Slide 4: Chairman's Address: FY14 outlook
Turn to Slide 7 I would like to make a comment in relation to the 2014 financial year. The Group's performance for the first 4 months of the 2014 financial year has been consistent with our expectations for that period. However, given the importance of the For personal use only November and December
Slide 5: CEO's Review of Operations
CEO’s Review of Operations For personal use only Thank you Steve and welcome ladies and gentlemen. At Breville our challenge is to be the world’s best. We are always searching for the deepest and most relevant insights into how food works and how to make it taste better. This is what we call “Food T
Slide 6: International business results
The International business comprises the North America, International Distributors and New Zealand segments. The growth in the Group’s International business continued with revenue increasing by 20.6% to $272.8m and EBITDA increasing to $58.3m. The International result, underpinned by continued reve
Slide 7: Heston Blumenthal ambassador and marketing
Turn to Slide 13 As part of this strategy, we appointed Heston Blumenthal as the Group’s global ambassador. In April 2013 we created our first Television commercial with Heston Blumenthal which was run in Australia in the lead up to Mother’s Day and resulted in strong sales. For personal use only Im
Slide 8: New products: pizza oven and the Oracle
Turn to Slide 18 Also within our cooking category, we have launched a new pizza oven to create the crispiness of a brick oven without the bricks. It bakes on a thick quarry stone base with even 350 degree Celsius heat from above and below replicating the cooking environment of a traditional brick pi
Slide 9: Closing remarks
Turn to Slide 22 Thank you for joining us today and please do stay for some morning tea and the opportunity to see some of these new products in action and taste the results. I now hand you back to the Chairman. For personal use only 9
Slide 10: Breville Group Limited Annual General Meeting November 2013
For personal use only Breville Group Limited Annual General Meeting 13 November 2013 Sydney
Slide 11: Chairman's Address
For personal use only Chairman’s Address Mr Steven Fisher 2 2
Slide 12: Strategy
Strategy For personal use only “A strategy of product innovation and global brand management continues to deliver growth across the international platform” 3 3
Slide 13: Group FY13 Results Summary
Group FY13 Results Summary For personal use only % change to FY12 Revenue $486.5m +13.7% EBITDA $78.9m +8.8% NPAT $49.7m +8.2% EPS 38.2 cents (FY12: 35.4 cents) +8.1% DPS: 26.0 cps, 21.5 cps franked (FY12: 24.0 cps, fully franked) +8.3% Net Cash $43.4m (FY12: $47.0m) 4 4
Slide 14: Consistent EBITDA Growth
Consistent EBITDA Growth For personal use only Reported EBITDA (full year) 5 year 90,000 compound annual growth 80,000 of 16.2% 70,000 $000's 60,000 50,000 40,000 30,000 20,000 10,000 - FY08 FY09 FY10 FY11 FY12 FY13 5
Slide 15: Good EPS and Dividend Growth
Good EPS and Dividend Growth For personal use only 45.00 EPS and DPS 5 year compound annual growth 40.00 • EPS of 18.3% 35.00 • DPS of 19.9% cents per share 30.00 25.00 Earnings per share 20.00 (reported) - basic 15.00 Dividends per share 10.00 5.00 - FY08 FY09 FY10 FY11 FY12 FY13 6
Slide 16: Outlook FY2014
Outlook FY2014 For personal use only Uncertain global economic environment Well positioned for future growth opportunities – Product development and brand management strengths – International markets – Strong balance sheet Trading through October 2013 consistent with expectations Half year ended 31
Slide 17: Thank you and board changes
Thank you For personal use only Breville team — Our dedicated staff and management — My board colleagues Customers, shareholders and suppliers Board changes — Resignation — John Schmoll — New appointments — Sally Herman — Lawrence Myers 8
Slide 18: CEO's Review of Operations
For personal use only CEO’s Review of Operations Mr Jack Lord 9
Slide 19: Operating Results Summary
Operating Results Summary 1H 2H FY For personal use only AUDm 1H13 1H12 % Chng 2H13 2H12 % Chng FY13 FY12 % Chng Sales 251.7 221.6 13.6% 217.7 186.7 16.6% 469.4 408.4 14.9% Commission Income 12.7 12.0 6.4% 4.3 7.5 (42.1%) 17.1 19.5 (12.3%) Revenue 264.4 233.6 13.2% 222.1 194.3 14.3% 486.5 427.9 13.7
Slide 20: Segment Results
Segment Results For personal use only REVENUE EBITDA Australia & New Zealand – Subdued, highly competitive AUDm FY13 FY12 % Chng FY13 FY12 % Chng conditions – Consumers trading up Australia 211.6 201.7 4.9% 24.2 21.3 13.4% – Co branded Breville-Nespresso launch in June 2013 International 272.8 226.2
Slide 21: UK Launch
UK Launch For personal use only Premium Products Premium Customers John Lewis, Lakeland, Amazon, Selfridges, Harrods, House of Fraser and Debenhams 12
Slide 22: Heston Blumenthal
13 For personal use only Heston Blumenthal
Slide 23: the All In One
14 For personal use only the All In One
Slide 24: the Quick Touch Microwave
the Quick Touch Microwave For personal use only 15
Slide 25: the Quick Touch Microwave - Designer's Story
the Quick Touch Microwave - Designer’s Story For personal use only 16
Slide 26: the Waffle Pro and Waffle IQ
the Waffle Pro™ 4 slice with no-mess moat and Waffle IQ ™ For personal use only 17
Slide 27: the Crispy Crust
the Crispy Crust™ 12” stone baked pizza oven For personal use only 18
Slide 28: the Oracle
the Oracle™ the Dual Boiler ™ with automatic grinding, tamping and milk texturing For personal use only 19
Slide 29: the Oracle
20 For personal use only the Oracle ™
Slide 30: Strategic Initiatives
Strategic Initiatives Group’s core strategy continues For personal use only — delivering sustainable growth through product innovation, brand management and distribution capabilities across multiple geographies The Group has — continued its investment in product development and marketing with a stro
Slide 31: the Quick Touch Microwave
the Quick Touch Microwave Intuitive microwave with smart settings For personal use only 22
Slide 32: Breville Thought for food
Breville Thought for food